Is Big Timber, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Big Timber was a Seller's Market.
Housing Prices in Big Timber, MT
How much do homes in Big Timber, MT cost?
Median Sold Price
$360,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Big Timber was $360,000 in April 2024, up 20.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.4K | $209.7K | -20.4% |
2 Bedrooms | $267.5K | $290K | +8.4% |
3 Bedrooms | $280K | $352.6K | +25.9% |
4 Bedrooms | $475K | $497.5K | +4.7% |
5+ Bedrooms | $3.1M | $430K | -86.5% |
Summary: Big Timber housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.4%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 86.5%.
Median Sold Price Compared To Nearby Cities
Big Timber | $299K | $360K | +20.4% |
South of the Yellowstone | $399K | $375K | -6.0% |
Housing Supply in Big Timber, MT
How many homes are available in Big Timber, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Summary: The Big Timber real estate market had 17 homes for sale in April 2024, a 21.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Big Timber housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Big Timber in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Big Timber, MT
How long does it take to sell a home in Big Timber, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
124 Days | 143 Days | +15.3% |
Summary: Homes in Big Timber had an average of 143 days on market in Apr 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Big Timber; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.